PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WTPI vs. FTQI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WTPI vs. FTQI

Last updated Jun 5, 2026

WTPI (WisdomTree Equity Premium Income Fund) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, WTPI returned 8.31%/yr vs 8.00%/yr for FTQI. A 0.61 correlation means they provide meaningful diversification when combined. WTPI charges 0.44%/yr vs 0.75%/yr for FTQI.

Performance

WTPI vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Equity Premium Income Fund (WTPI) and First Trust Nasdaq BuyWrite Income ETF (FTQI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WTPI achieves a 4.51% return, which is significantly lower than FTQI's 11.03% return. Both investments have delivered pretty close results over the past 10 years, with WTPI having a 8.31% annualized return and FTQI not far behind at 8.00%.

WTPI

1D
0.24%
1M
1.80%
YTD
4.51%
6M
4.94%
1Y
19.02%
3Y*
13.69%
5Y*
9.98%
10Y*
8.31%

FTQI

1D
0.23%
1M
4.05%
YTD
11.03%
6M
11.53%
1Y
28.07%
3Y*
17.30%
5Y*
10.97%
10Y*
8.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WTPI vs. FTQI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WTPI
WisdomTree Equity Premium Income Fund		4.51%14.45%17.18%15.53%-10.11%20.94%1.65%13.55%-7.16%10.09%
FTQI
First Trust Nasdaq BuyWrite Income ETF		11.03%12.68%18.30%23.63%-8.77%10.46%-6.54%13.98%-9.78%12.47%

Correlation

The correlation between WTPI and FTQI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.79

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Feb 25, 2016

0.61

The correlation between WTPI and FTQI shifts across timeframes, from 0.61 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Equity Premium Income Fund

First Trust Nasdaq BuyWrite Income ETF

Often compared with WTPI:
WTPI vs. JEPIWTPI vs. SPYIWTPI vs. PUTWWTPI vs. SPYWTPI vs. QQQIWTPI vs. GPIQWTPI vs. DIVO
Often compared with FTQI:
FTQI vs. FTHIFTQI vs. JEPQFTQI vs. QYLDFTQI vs. QQQIFTQI vs. TUGNFTQI vs. SPYIFTQI vs. SPY

Return for Risk

WTPI vs. FTQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WTPI
WTPI Risk / Return Rank: 6666
Overall Rank
WTPI Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
WTPI Sortino Ratio Rank: 6767
Sortino Ratio Rank
WTPI Omega Ratio Rank: 7474
Omega Ratio Rank
WTPI Calmar Ratio Rank: 5555
Calmar Ratio Rank
WTPI Martin Ratio Rank: 7070
Martin Ratio Rank
FTQI
FTQI Risk / Return Rank: 8686
Overall Rank
FTQI Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FTQI Sortino Ratio Rank: 8585
Sortino Ratio Rank
FTQI Omega Ratio Rank: 8686
Omega Ratio Rank
FTQI Calmar Ratio Rank: 8484
Calmar Ratio Rank
FTQI Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTPI vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) and First Trust Nasdaq BuyWrite Income ETF (FTQI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

WTPIFTQIDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.73

-0.57

Sortino ratioReturn per unit of downside risk
3.01
3.76

-0.75

Omega ratioGain probability vs. loss probability

1.43

1.52

-0.09

Calmar ratioReturn relative to maximum drawdown

2.67

4.52

-1.85

Martin ratioReturn relative to average drawdown

12.81

21.94

-9.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTPI vs. FTQI - Sharpe Ratio Comparison

The current WTPI Sharpe Ratio is 2.16, which is comparable to the FTQI Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of WTPI and FTQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

WTPIFTQIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.73

-0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.74

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.60

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.53

+0.12

Drawdowns

WTPI vs. FTQI - Drawdown Comparison

The maximum WTPI drawdown since its inception was -28.40%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for WTPI and FTQI.

Loading charts...

Drawdown Indicators

WTPIFTQIDifference

Max Drawdown

Largest peak-to-trough decline

-28.40%

-19.42%

-8.98%

Max Drawdown (1Y)

Largest decline over 1 year

-7.15%

-6.24%

-0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-15.26%

-19.42%

+4.16%

Max Drawdown (5Y)

Largest decline over 5 years

-16.56%

-19.42%

+2.86%

Max Drawdown (10Y)

Largest decline over 10 years

-28.40%

-19.42%

-8.98%

Current Drawdown

Current decline from peak

-0.03%

0.00%

-0.03%

Average Drawdown

Average peak-to-trough decline

-3.44%

-3.75%

+0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.49%

1.28%

+0.21%

Volatility

WTPI vs. FTQI - Volatility Comparison

The current volatility for WisdomTree Equity Premium Income Fund (WTPI) is 0.86%, while First Trust Nasdaq BuyWrite Income ETF (FTQI) has a volatility of 1.66%. This indicates that WTPI experiences smaller price fluctuations and is considered to be less risky than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WTPIFTQIDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.86%

1.66%

-0.80%

Volatility (6M)

Calculated over the trailing 6-month period

7.00%

8.24%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

8.86%

10.33%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.13%

14.81%

-2.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.22%

13.35%

-0.13%

WTPI vs. FTQI - Expense Ratio Comparison

WTPI has a 0.44% expense ratio, which is lower than FTQI's 0.75% expense ratio.

Dividends

WTPI vs. FTQI - Dividend Comparison

WTPI's dividend yield for the trailing twelve months is around 12.03%, more than FTQI's 10.94% yield.

PositionTTM20252024202320222021202020192018201720162015
FTQI
First Trust Nasdaq BuyWrite Income ETF		10.94%11.46%11.66%11.49%9.85%3.05%3.27%2.95%3.27%2.74%3.02%3.54%
WTPI
WisdomTree Equity Premium Income Fund		12.03%13.18%11.99%8.94%3.27%0.00%1.43%1.47%6.46%3.52%2.27%0.00%

Frequently Asked Questions

WTPI and FTQI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FTQI has higher volatility (1.66%) compared to WTPI (0.86%). In terms of maximum drawdown, WTPI dropped -28.40% vs FTQI's -19.42%.

On 10-year performance, WTPI leads with 8.31% vs 8.00% for FTQI. On fees, WTPI is cheaper at 0.44% per year. On volatility, WTPI has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, WTPI has performed better with a 8.31% return vs 8.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

WTPI is cheaper with a 0.44% expense ratio, compared with 0.75% for FTQI.

WTPI has the higher dividend yield at 12.03%, compared with 10.94% for FTQI.

WTPI is categorized as Derivative Income, while FTQI is Nasdaq-100. WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while FTQI tracks NASDAQ-100 Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.44% for WTPI and 0.75% for FTQI.

FTQI currently has the higher Sharpe Ratio (2.73 vs 2.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for WTPI and FTQI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer